Savers' Surplus and the Interest Rate

Abstract

I. The Problem: Is interest determined by use (demand) or by a cost of saving? — Savers' surplus, 3. — Its discussion by economists, 4. — II. The sources of savings, 10. — Analysis of income distribution in United States, 11. — Dominant savings by the rich, 14. — III. The psychology of saving, 17. — The poor, 18. — The middle classes, 19. — The wealthy, 21. — Automatic costless savings, 23. — The marginal analysis inapplicable, 24. — IV. Corporate surpluses and bank-credit loan funds, their great amounts, 27. — How far costless, 28. — Bank credit loan funds, 29. — Conclusion, 31.